Release date: 19 July 2016
Promoter – Financial Intermediary
ACCEPTABLE CORPORATE(S)Location
Description
The operation is a programme loan to finance a variety of eligible mid-caps in Italy, Slovenia, Croatia and Malta.
Objectives
The programme loan will finance investments of eligible innovative and non-innovative mid-cap companies (i.e. with fewer than 3000 employees). The programme loan aims to accelerate and further mobilise private sector investments, thus furthering the sustainability of mid-caps' competitive advantage over time and creating growth and employment opportunities.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 180 million
Total cost (Approximate amount)
EUR 800 million
Environmental aspects
The projects to be financed under this programme loan will most likely concern investments that are expected to be carried out in existing facilities without changing the already authorised scope and would therefore not require an environmental impact assessment (EIA) under Directive 2011/92/EU. However, for each sub-operation, the Bank's services will review during the project appraisal whether any of the concerned projects could fall under the EIA Directive, as well as any other environmental details of the project.
Procurement
The promoters of the projects to be financed under this programme loan will be private companies not operating in the Utilities sector and not having the status of a contracting authority, thus not subject to EU rules on public procurement.
Status
Approved - 23/09/2016
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).